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u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover
u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be...
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-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or
-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at...
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the u.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan
the u.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state...
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the u.s. secretary of state, hillary clinton, is being treated for a blood clot in a vain between her brain and skull. doctors caring for say she should make a full recovery. earlier this month, the veteran politician suffered a concussion after fainting and falling down. >> hillary clinton in belfast earlier this month, the end of a typically frenetic a foreign trip, for countries in five days. is thought to contracted a stomach virus. at home, she fell and suffered a concussion. she's now being treated at this new york hospital and has been told to avoid this sort of punishing travelled has taken her to more foreign capitals than any of her predecessors. 112 on countries and more than a million miles. hillary clinton is popular home. she's one of the most trusted members of president obama's cabinet. she missed at least one important domestic in nature and since falling ill -- a congressional hearing to answer questions about the attacked in an gussie. -- attack in benghazi. it is not clear
the u.s. secretary of state, hillary clinton, is being treated for a blood clot in a vain between her brain and skull. doctors caring for say she should make a full recovery. earlier this month, the veteran politician suffered a concussion after fainting and falling down. >> hillary clinton in belfast earlier this month, the end of a typically frenetic a foreign trip, for countries in five days. is thought to contracted a stomach virus. at home, she fell and suffered a concussion. she's...
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for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfortunately syria has been the headliner in two thousand and twelve it's been getting much much worse and you know impending doom all the way a lot along one thing that was probably beneficial is that i think this year iran was a lot less. on the front burner is than last year last year was was a lot more teetering on the edge of possible war in the sure sort of calmed down so that was at least good well we have next year also here we'll how about you was at the presidential campaign in the united states because you did some good stuff with it oh it had been it just sucked all the decision out of every news channel in newspaper and it was from february until november and well i will caucus is i think were january second or third so right from the beginning of the year until november seventh the heavy heavy and romney fortunately was he just provided so much material at every juncture you can't
for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfortunately syria has been the headliner in two thousand and twelve it's been getting much much worse and you know impending doom all the way a lot along one thing that was probably beneficial is that i think this year iran was a lot less. on the front burner is than last year last year was was a lot...
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well this u.s. mainstream media has devoted hundreds of hours to cover a covering this excruciating fiscal cliff process just a few hours ago many sources said a deal would in fact be reached now as we see that is not the case this isn't the only one eighty though that media outlets have been forced to make there are several examples even just in this year in two thousand and twelve and the pointer institute a school dedicated to teaching media leaders and to promoting excellence in journalism every year they put together a list of the biggest media fails last year's list included numerous flubs by media mistaking the name osama for obama when announcing the death of osama bin laden this year the number one media error had to do with a certain supreme court ruling on the affordable care act otherwise known as obamacare if you've forgotten let me refresh your memory the individual mandate has been ruled unconstitutional justices have just got it was the centerpiece provisions of the obama health care
well this u.s. mainstream media has devoted hundreds of hours to cover a covering this excruciating fiscal cliff process just a few hours ago many sources said a deal would in fact be reached now as we see that is not the case this isn't the only one eighty though that media outlets have been forced to make there are several examples even just in this year in two thousand and twelve and the pointer institute a school dedicated to teaching media leaders and to promoting excellence in journalism...
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that brings us to consequence no. 5, the u.s. economy. as markets react, the cbo forecasts a slowdown in economic growth and a skyrocketing unemployment rate that could reach 9.1% by year's end. in other words, we head towards another recession. that prediction according to economist and head of the federal reserve, who are originally. the term of fiscal cliff to describe this doomsday scenario. >> they with us as we continue to monitor the negotiations on air and on line. we'll have all the late breaking coverage that you need. we also have a special project economy section on the website that explains the situation in greater detail. just go to wbaltv.com. >> here in baltimore, people are gathering down the inner harbor for the area's largest new year's eve fireworks display. we are all over this new year's eve spectacular. a bird's-eye view of traffic into the inner harbor and the festivities from the air. sarah has more on all the excitement that is building. but there is a lot of excitement here downtown as we prepare to countdown to
that brings us to consequence no. 5, the u.s. economy. as markets react, the cbo forecasts a slowdown in economic growth and a skyrocketing unemployment rate that could reach 9.1% by year's end. in other words, we head towards another recession. that prediction according to economist and head of the federal reserve, who are originally. the term of fiscal cliff to describe this doomsday scenario. >> they with us as we continue to monitor the negotiations on air and on line. we'll have all...
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. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video. >> what happened initially, it was spon tapous reaction to what had just transpired in cairo, consequence of the video. >> they threw the libyan president under the bus. he said this is a terror attack. the administration said he doesn't know what he is talking about. >> is this guy worried about what is going non-the muslim world? >> the idea he's somebody who opportunity care is absurd. >> never ever forget that our freedom is only sustained because our people who are willing to fight for it. >> exactly two hours from now at 7:00 p.m. eastern, the first polls will close in six states. >> you cannot win as a republican if you don't win ohio. >> now you are to the point that none of this is making sense. this is not right. it will go
. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state and everybody else in the administration saying louddy it was because of the video. >> what happened initially, it was spon tapous reaction to what had just transpired in cairo, consequence of the video. >> they threw the libyan president under the bus. he said this is a terror...
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the u.s. government is pulling the plug. >> the edison bulb hasn't changed much in 100 years. >> reporter: under federal law, they cannot be produced or imported. the retailers can clear remaining stock. >> 90% of the energy is wasted. what they replaced them with is more energy official, just as bright and good, and will save you money. >> reporter: most screw-in bulbs must use at least 75% less energy. two options are compact fluorescent light bulbs. >> they have some drawbacks. they don't get bright inns atlantaly. >> o.l.e.d.s. >> they use about 75% energy than a regular bulb and produce just as much light. >> l.e.d. bulbs are expensive, but prices are dropping. the future is dim for incandescent bulbs. while 175-watt edison bulbs go the way of the dinosaur, the u.s. government will turn out the lights on the 60 and 40 watt bulbs in 2014. >>> right now at 6:00 --
the u.s. government is pulling the plug. >> the edison bulb hasn't changed much in 100 years. >> reporter: under federal law, they cannot be produced or imported. the retailers can clear remaining stock. >> 90% of the energy is wasted. what they replaced them with is more energy official, just as bright and good, and will save you money. >> reporter: most screw-in bulbs must use at least 75% less energy. two options are compact fluorescent light bulbs. >> they have...
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and you can see that ebay is resurging in the u.s. and so, as europe gets weaker, that makes it a stronger play for 2013. plus, if you are concerned about the impact of taxes going up, and you want to down market play, ebay gives you the same goods at a range of price points, right? new this season, new last season, refiurbed, used. >> colin gill list, thank you. >> stud. >> yeah. would you pair up a long ebay with a short amazon? >> amazon, last week, we said they are probably going to trade down to $240, it was $242 and change today. i think amazon probably continues higher. but ebay is a monster. we talked about it forever. the valuations are fair, as colin just said, so, yeah, i like ebay alone. >> all right, still to come, the final stock market pops and drops for the year. but first, what happens to commodities if global growth slows in 2013? we have your top trades with the commodities king. and financials become the top group in the s&p this year. why one trader is turning bearish on them. much more "fast" coming up. [ male an
and you can see that ebay is resurging in the u.s. and so, as europe gets weaker, that makes it a stronger play for 2013. plus, if you are concerned about the impact of taxes going up, and you want to down market play, ebay gives you the same goods at a range of price points, right? new this season, new last season, refiurbed, used. >> colin gill list, thank you. >> stud. >> yeah. would you pair up a long ebay with a short amazon? >> amazon, last week, we said they are...
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob. when we talked last night, what you said was we were missing a critical piece of information, which is where i
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary...
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just hours before the deadline and the start to a new year it appears the u.s. may avoid a fiscal dive a compromise is still in the works at this hour we'll bring you the latest on these budget debates and ask why everything in washington always seems so last minute twenty twelve is almost coming to an end tonight a look back at some of our most memorable stories at our team will bring you the good the bad and the just plain weird. and it's a horror militaries don't plan for and civilian populations can't avoid future generations suffering from birth defects as a result of wars past that's what you need to know about this haunting trend. it's monday december thirty first two thousand and twelve four pm in washington d.c. i'm christine and you're watching our team or we going to begin this hour with a look at the latest on the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's i
just hours before the deadline and the start to a new year it appears the u.s. may avoid a fiscal dive a compromise is still in the works at this hour we'll bring you the latest on these budget debates and ask why everything in washington always seems so last minute twenty twelve is almost coming to an end tonight a look back at some of our most memorable stories at our team will bring you the good the bad and the just plain weird. and it's a horror militaries don't plan for and civilian...
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the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your ba
the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great....
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harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, the sequester. remember, they agreed upon it last summer in july and august of 2011 when they came to that big debt ceiling deal. if there were no decision on how to cut government spending by now, these draconian cuts, indiscriminate across the board to defense half of it, $500 billion in domestic programs, the other half of it, the other $500 billion would go into effect. and now some want to have that delayed. they want to have it put off. the house of representatives, the leadership there is saying absolutely no way. there are ironies that abound all along here in
harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described,...
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the u.s. is one budget deal away from restoring its global preeminence, perhaps because some -- i'm so proud of this country, i'd say we're one budget deal away from restoring our global dominance for a considerable number of years. unfortunately, after i hope and pray we adopt the result of the negotiations going on now and avoid the fiscal cliff, we'll still be one grand bargain, budget deal away from restoring our -- our global preeminence. that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half families. if the middle-class tax cuts are allowed to expire on j
the u.s. is one budget deal away from restoring its global preeminence, perhaps because some -- i'm so proud of this country, i'd say we're one budget deal away from restoring our global dominance for a considerable number of years. unfortunately, after i hope and pray we adopt the result of the negotiations going on now and avoid the fiscal cliff, we'll still be one grand bargain, budget deal away from restoring our -- our global preeminence. that work has to be done. but at least we will have...
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according to the u.s.-based cite intelligence group, militants in arabian peninsula have offered 160,000 worth of gold to anyone who kills this american ambassador. they are also offering $23,000 for killing a u.s. soldier. remember, intelligence analysts have called this branch of al qaeda the most dangerous terror group in the world. now we have former israeli special forces operator and a counterterrorism consultant and managing director at i.m.s. security and author of "brotherhood of warriors." good to see you, aaron. when you hear bounties are placed on an american ambassador as well as american soldiers, does that tell you this is upping the ante? >> it is being upped and there are specific threats made against specific representatives from our country who have been sent to representative and assist the yemen government two years ago we sent a very large special operations group including navy seals to yemen to help prepare them and help give them the training and track down the founder of the terro
according to the u.s.-based cite intelligence group, militants in arabian peninsula have offered 160,000 worth of gold to anyone who kills this american ambassador. they are also offering $23,000 for killing a u.s. soldier. remember, intelligence analysts have called this branch of al qaeda the most dangerous terror group in the world. now we have former israeli special forces operator and a counterterrorism consultant and managing director at i.m.s. security and author of "brotherhood of...
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it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the proteks to homosexual couples, there's been hold up there again. almost a deal just not enough time and frankly with this environment not enough goodwill necessarily to get this deal done. there were things in the works. there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there
it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the...
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who is happening in the u.s. and of course our who can she joins us live from you as. a role she's here again going to your colonel loads. funny to see you in the daylight the really cool should still be approaching midnight here you've got all this to come i suppose to be partying tonight with i know but president obama starts his new term doesn't it not really in the bush to four with the bush popularity. you know there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was gone that's for sure back then there were these crowds you know in the streets all across the country shedding tears of joy so bad in their view where the eight years of bush presidency obama was greeted as the savior and then he went and saved the banks saved the auto industry something he took a special pride in during the election campaign but across the country mill
who is happening in the u.s. and of course our who can she joins us live from you as. a role she's here again going to your colonel loads. funny to see you in the daylight the really cool should still be approaching midnight here you've got all this to come i suppose to be partying tonight with i know but president obama starts his new term doesn't it not really in the bush to four with the bush popularity. you know there were cheers of relief here when he won i would say because the...
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. >>> senate homeland committee chairman lieberman issuing a report on the attack on the u.s. consulate in benghazi, libya that killing ambassador chris stooe stevens and three others. the chairman said there was a rising crescendo of evidence that the situation was becoming dangerous and unstable. >> this system was, in fact, flashing red in libya and benghazi, particularly. the tragedy is, however, that the reaction to the flashing red indicators was woefully inadequate. >> well, up next, how will wall street react if we go off the fiscal cliff? we'll check in with cnbc. >>> plus, who's the most admired woman and man in the world today? we'll tell you who tops gallup's analyst. it is just one of the things we thought you should know. be sure to check out the "news nation" tumblr pictures. really, we went with that one? [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. mommy's having a french fry. yes she is,
. >>> senate homeland committee chairman lieberman issuing a report on the attack on the u.s. consulate in benghazi, libya that killing ambassador chris stooe stevens and three others. the chairman said there was a rising crescendo of evidence that the situation was becoming dangerous and unstable. >> this system was, in fact, flashing red in libya and benghazi, particularly. the tragedy is, however, that the reaction to the flashing red indicators was woefully inadequate....
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it was a compromise u.s. lawmakers signed into law in 2011 that contributed to the pending man made catastrophe that they have been warning about for more than a year. now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spen
it was a compromise u.s. lawmakers signed into law in 2011 that contributed to the pending man made catastrophe that they have been warning about for more than a year. now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff....
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the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estimated 800,000 civilian employees about furloughs in the new year. south carolina senator lindsay graham after he was contacted by secretary of defense leon panetta. >> he says if we do that, it will shoot the defense department in the head and we will have to send out 800,000 layoff notices at the beginning of the y
the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal...
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the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard they would stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are fi
the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to...
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the u.s. and congress and the white house, according to our source, is weighing a 60-90 day delay in those automatic spending cuts. that is how they would deal with that. one omission in all of this, and this is very important, they are not discussing an extension of the debt ceiling. they want to have that yet ceiling fight. it is definitely a no go in the house for republicans. this is what is going on right now. back to you. shibani: at least that is the plan for the time being. thank you a lot, rich. right now we will go to peter barnes who is standing at the white house. we know the president will be speaking in about a half an hour peter: it sound like he may be announcing the deal because of some of the stagecraft around this. the white house says they will be making an announcement with middle-class families. he will be announcing some kind of tentative deal, tentative framework in his statement here at the old executive office building in just about 30 minutes from now. no comment fro
the u.s. and congress and the white house, according to our source, is weighing a 60-90 day delay in those automatic spending cuts. that is how they would deal with that. one omission in all of this, and this is very important, they are not discussing an extension of the debt ceiling. they want to have that yet ceiling fight. it is definitely a no go in the house for republicans. this is what is going on right now. back to you. shibani: at least that is the plan for the time being. thank you a...
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new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve these problems in terms of a bigger deal, a grand bargain that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes but deals with the spending in a balanced way so that we can put all this behind us and focusing on growing our economy. but with this congress that was obviously a little too much to hope for at this time. sikh that was president obama sharing his thoughts on the debate over cutting federal spending. while there were reports of significant progress a short time ago. there is concern from republicans that they
new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve...
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if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it
if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff....
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if you have the u.s. company turning around, europe off the map, china improving as well, central banks around the world, which are not going to change their easing policies any time soon. then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all that is a positive, but we have come to expect in the asset markets a 10%-plus type of return for taking equity risk. and really if the real economy only grows at 2% to 3%, it is a case of spending straw into gold and how long that will continue. a 5% return from stocks, 2% to 3% from bonds is something we should expect going forward even with the pluses that you mentioned. >> what about your outlook for gold? your outlook is that gold is going to move higher in 2013, and i would assume that's because you know the fed will b
if you have the u.s. company turning around, europe off the map, china improving as well, central banks around the world, which are not going to change their easing policies any time soon. then china cooperating as well. >> i think lots of plus there is. we would agree that certainly housing is moving upward as mohammad mentioned this morning. energy costs in terms of natural gas are down. china is reinstituting fiscal stimulation and japan is on the move in terms of easier money. all...
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the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets movin
the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year....
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a report by the fbi says nearly four in 10 u.s. gang members have some ties to drug trafficking organizations based in mexico. that is far more than any other outside group. also this fbi report says that the number of gang members operating in the u.s. shot up 40% in the last year. nearly one in three police officers here in the southwest are concerned saying that gang activity and drug trade in their areas has increased over the course of the last two years. people like assistant sheriff gary pentis in ventura, california, where they're battling cartel and gang members. take a listen. >> i think most law enforcement agencies put the gang activity as a huge priority because of violence in our communities. violent crime is a huge priority. we have to keep the dopers on their heels because that is the power, that's the money. it all works together. >> reporter: and they all work together including federal agencies battling some of these same cartels. off the coast of california the cartels are working with gang members to go out fur
a report by the fbi says nearly four in 10 u.s. gang members have some ties to drug trafficking organizations based in mexico. that is far more than any other outside group. also this fbi report says that the number of gang members operating in the u.s. shot up 40% in the last year. nearly one in three police officers here in the southwest are concerned saying that gang activity and drug trade in their areas has increased over the course of the last two years. people like assistant sheriff gary...
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let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time we reach this sort of problem with regret to fiscal policy in congress. the big issues obviously -- by the way, sequester is the artificial into the bill into this. the big issue, and salomon reform, long-term tax rates to what to do about spending, $16 trillion in debt. again, being postponed. the bottom line is a mini deal along the lines of kicking the can down the proverbial alley, no doubt about it. waiting until a new congress is sworn in in order to hopefully finally really bottom-line did to the major policy issues regarding the country incl
let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time...
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a swing state in the race for the white house and which party would control the u.s. senate. hundreds of thousands of voters turned out in northern virginia. some waited in long lines for four hours to cast their vote. presidential candidates criss-crossed the old dominion ral alying supporters and spending millions on ads. in the end, voters helped re-elect president obama and elected former governor tim kane to the senate. number four, marylanders made history along with with maine and washington state. they approved marriage equality giving same sex couples the right to marry. gay couples in maryland can begin saying i do in january. number three, scandal in the districts. for the first time in the city's history, two sitting council members resigned and pleaded guilty to felonies. chairman brown resigned in the summer after lying on federal loan documents. ward five 's terry thomas resigned in january admitting to stealing $400,000 designated for city youth programs. plus, the on going investigation into d.c. mayor vincent gray's 2010 campaign. jean clark harris pleaded g
a swing state in the race for the white house and which party would control the u.s. senate. hundreds of thousands of voters turned out in northern virginia. some waited in long lines for four hours to cast their vote. presidential candidates criss-crossed the old dominion ral alying supporters and spending millions on ads. in the end, voters helped re-elect president obama and elected former governor tim kane to the senate. number four, marylanders made history along with with maine and...
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vice president biden served as a u.s. senator for more than 30 years. few people really understand the way these types of negotiations work like he does. in addition to that, equally importantly, 23 of those years were spent serving alongside minority leader mitch mcconnell. so they have a good working relationship, good personal relationship. you remember that yesterday mcconnell said he needs a dance partner in these negotiations. he didn't feel as though they were moving forward. so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner
vice president biden served as a u.s. senator for more than 30 years. few people really understand the way these types of negotiations work like he does. in addition to that, equally importantly, 23 of those years were spent serving alongside minority leader mitch mcconnell. so they have a good working relationship, good personal relationship. you remember that yesterday mcconnell said he needs a dance partner in these negotiations. he didn't feel as though they were moving forward. so he...
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don't have the political will to do what's right and that is where all credit agencies will downgrade u.s. treasury bonds and that begins the ex-orable slide down to a very sluggish economy and maybe in the longer term losing our superstar economic status. >> not to mention all this time we'll be spending on this as time that is going to be taken away from other pressing things that need to get done by the congress in this new session. thank you, admiral and robert. happy new year to you both. >> same to you. >> also making news venezuelan president chavez is said to be in delicate condition after cancer surgery. he has not been heard from since december 11th when he had a fourth surgery. the question whether he will be at his swearing in on january 10th is touching off a possible constitutional crisis in that country. >>> the body of the newtown shooter has been claimed for burial. a spokesman for adam lanza's father says peter claimed the body. there is no word on when that happened or if there will be a funeral. >>> meantime for 200 sandy hook elementary school students, parents, and f
don't have the political will to do what's right and that is where all credit agencies will downgrade u.s. treasury bonds and that begins the ex-orable slide down to a very sluggish economy and maybe in the longer term losing our superstar economic status. >> not to mention all this time we'll be spending on this as time that is going to be taken away from other pressing things that need to get done by the congress in this new session. thank you, admiral and robert. happy new year to you...
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. >> u.s. ambassador to libya chris stevens and three other americans on his staff were killed last night as protesters stormed the american consulate in benghazi, libya. >> what do we know about the people behind the attack in benghazi? >> they're driven by a belief that the united states is engaged in a war with islam. >> why did an american army sergeant walk into an afghan village and kill 16 civilians? >> the pakistani taliban says it's not done with the 14-year-old girl that it tried to kill. >> they will not stop me. i will get my education, if it is in homes, schools, or anyplace. >>> the s.e.a.l. who calls himself mark owen describes approaching bin laden's room after they had killed his son, khalid. >> so after osama bin laden is wounded, he's still moving, you shot him twice? >> three or four times. >> when somebody talks about the particulars of how those operations are conducted, it tells our enemies essentially how we operate. >>> jerry sandusky, the former penn state assistant fo
. >> u.s. ambassador to libya chris stevens and three other americans on his staff were killed last night as protesters stormed the american consulate in benghazi, libya. >> what do we know about the people behind the attack in benghazi? >> they're driven by a belief that the united states is engaged in a war with islam. >> why did an american army sergeant walk into an afghan village and kill 16 civilians? >> the pakistani taliban says it's not done with the...
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a new report from the u.s. senate on the attack on the u.s. consue rit in -- on the u.s. consulate in libya is blaming the u.s. for not having a state department to respond. the senate report says in the future, the state department should determine if it can provide tough security for diplomats and -- provide enough security for diplomats and where it cannot, americans need to be removed from the postings. >>> hillary clinton is in a new york hospital being treated for a broad clot. doctors found that clot after a followup to her concussion. she's being treated with blood thinners. she is 65 years old and had a stomach virus when she fainted and hit her head. >>> hugo chavez is said to be suffering new complications africanser surgery in cuba. the vice president of cuba described his condition as delicate. chavez has not been seen or heard in public since december 11th when he underwent surgery. it was his fourth cancer- related operation. government leaders say chavez may miss his january 10th inauguration. marking his 6th presidential term. >>> the woman accused of pus
a new report from the u.s. senate on the attack on the u.s. consue rit in -- on the u.s. consulate in libya is blaming the u.s. for not having a state department to respond. the senate report says in the future, the state department should determine if it can provide tough security for diplomats and -- provide enough security for diplomats and where it cannot, americans need to be removed from the postings. >>> hillary clinton is in a new york hospital being treated for a broad clot....
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hillary clinton has not even stepped down u.s. secretary of state and president obama has not even been sworn in for his second term but there is already constant speculation as to whether she will run again for the white house. >> of the decision for her on any future bid for president expected in 2013, expect speculation about her future political plans to intensify drought the year. >> a new national survey indicates that the vast majority of democrats, 85 percent in fact, would consider backing her as their party's nominee. >> president obama is pledging to put its full weight behind legislation aimed at preventing gun violence. >> in an envious they would meet the press, obama voiced skepticism about proposals a place apart at schools following the mass shooting in newtown, conn. that killed 21st graders. >> i think the american people are skeptical that some how that will solve our problems. >> in his most is difficspecific remarks about gun violence is the deadly assault at sandy hook elementary school president obama says
hillary clinton has not even stepped down u.s. secretary of state and president obama has not even been sworn in for his second term but there is already constant speculation as to whether she will run again for the white house. >> of the decision for her on any future bid for president expected in 2013, expect speculation about her future political plans to intensify drought the year. >> a new national survey indicates that the vast majority of democrats, 85 percent in fact, would...
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk california. it's been another banner year for the formerly golden state. voters approving carbon taxes on business. higher taxes on themselves. and the state overwhelmingly voted for the president in the election. more than 60% of the state voting in favor of president obama for his reelection. let's bring in our next guest. he is chairman of the republican party in california. i'm not being sarcastic but i didn't think the republicans existed in california any longer. you are their chairman, is that correct? >> it is. it was a rough year. stuart: what does 2013 hold in store for california? >> well, actuall
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk...
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>>> happening now, u.s. senators on capitol hill are releasing a scathing new report on the attack on the u.s. consulate in benghazi. on the right of your screen is maine senator susan collins. she's one of the two top members on the senate homeland security committee. let's bring in our own jill dauerty, our foreign affairs correspondent who is monitoring this from the state department. what can you tell us? >> if you listen to what the senator is saying and also senator joe lieberman, they are coming up with essentially three different things. the main thing is that there was a rising crescendo of evidence from the intelligence community and even open sources that benghazi was increasingly dangerous and attacks there were more and more likely, but the reaction was woefully inadequate. they say the system as one official was flashing red. the state department, they say, did not adequately respond to that. another key point is they talk about security. security in other countries for embassies and consulates
>>> happening now, u.s. senators on capitol hill are releasing a scathing new report on the attack on the u.s. consulate in benghazi. on the right of your screen is maine senator susan collins. she's one of the two top members on the senate homeland security committee. let's bring in our own jill dauerty, our foreign affairs correspondent who is monitoring this from the state department. what can you tell us? >> if you listen to what the senator is saying and also senator joe...
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heather: as the u.s. heads closer to the edge of the so-called fiscal cliff one of the big consequences of going over is a series of major spending cuts that would take a direct toll on america's armed forces. while lawmakers of all stripes have seen this debate playing out firsthand our next guest knows all too well the affects those cuts would have on the men and women who keep americans safe. bucky shinmoedake chairman of the house armed services committee. thank you for joining us. >> thanks for having me. >> to do the math the 500 billion reduction in military spending triggered by 2011's budget control act would be added to the 487 billion the obama administration larry limb natured in this year's budget q. can our military survive that? >> we had five hearings leading up to this. and all of the former and current military leaders said how devastating it would be from the secretary of defense on down. secretary of defense said that it would be like shooting ourselves in the head. you know there hasn
heather: as the u.s. heads closer to the edge of the so-called fiscal cliff one of the big consequences of going over is a series of major spending cuts that would take a direct toll on america's armed forces. while lawmakers of all stripes have seen this debate playing out firsthand our next guest knows all too well the affects those cuts would have on the men and women who keep americans safe. bucky shinmoedake chairman of the house armed services committee. thank you for joining us. >>...
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u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is t
u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income...
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i heard the british ambassador say something like, you know, to the u.s., something like, you know, he wanted to break from tyranny, but instead you set up a government, set up a system that, you know, just doesn't work. >> now, i want to do something, because i thought this was intriguing. we've obviously, since the tragedy of sandy hook elementary, a lot of talk about gun control and what can be done. president obama talking about it publicly and emotionally. here's president obama with david gregory yesterday talking about guns. let's come back and we'll quickly talk about it. >> here's the bottom line. we're not going to get this done unless the american people decide it's important. and so, this is not going to be simply a matter of me spending political capital. with public opinion, there's nothing you can't do, and without public opinion, there's very little you can get done in this town. >> so, i like that because it's a recognition of the facts, which is that politicians tend to be a reactive, rather than a proactive species, even the president of the united states. so, let's
i heard the british ambassador say something like, you know, to the u.s., something like, you know, he wanted to break from tyranny, but instead you set up a government, set up a system that, you know, just doesn't work. >> now, i want to do something, because i thought this was intriguing. we've obviously, since the tragedy of sandy hook elementary, a lot of talk about gun control and what can be done. president obama talking about it publicly and emotionally. here's president obama with...
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um, the u.s. always says that this not about any one country, but if i'm a chinese military leader i would take it to mean china specifically and they do. >> china has a very concerted blue water policy. they believe that they need to dominate the seas. they are, uh, they are extraordinarily worrying to india on the one side, to our other asian allies, and we have understood the imperative of resourcing a push-back in the pacific. the problem is we haven't understood that we need to spend to do it and we haven't figured out how to spend to do it. >> when i talk to chinese defense analysts and scholars when i visit china they don't talk about these legacy systems. they are happy to let us patrol the sea lanes and do all the traditional great power things that require these big, extremely expensive systems. they want to jump over the world of aircraft carriers and manned bombers to a new era in which the wars will be fought in, in space, with blinding our sensors that are in space, and in cyberspace
um, the u.s. always says that this not about any one country, but if i'm a chinese military leader i would take it to mean china specifically and they do. >> china has a very concerted blue water policy. they believe that they need to dominate the seas. they are, uh, they are extraordinarily worrying to india on the one side, to our other asian allies, and we have understood the imperative of resourcing a push-back in the pacific. the problem is we haven't understood that we need to spend...
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the u.s. is still stuck on the edge of a cliff but only hours left before a tough mix of tax hikes and spending cuts hits americans. to gators begin ruling out possible causes for the deadly plane crash of the moscow. correspondent outlines the tragedies step by step. from the rest of middle eastern arab world to europe's money roller coaster the russian public getting more political vocal some of the major events that shaped twenty twelve. watching kerry just welcome to the program. trying to pull us back from the brink over the fiscal cliff couldn't get much closer to the wire in a few hours time americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is rapidly running out washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you
the u.s. is still stuck on the edge of a cliff but only hours left before a tough mix of tax hikes and spending cuts hits americans. to gators begin ruling out possible causes for the deadly plane crash of the moscow. correspondent outlines the tragedies step by step. from the rest of middle eastern arab world to europe's money roller coaster the russian public getting more political vocal some of the major events that shaped twenty twelve. watching kerry just welcome to the program. trying to...
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we're cautiously optimistic that the obama administration will finally allow sikhs to service in the u.s. armed forces with their articles of faith in tact. it would be a very important and historic step. >> we'd like to see the obama administration take the lead in acknowledging and including non-theistic americans in the decision making process. >> pro-life issues are always a concern. someone has to protect the innocent life and certainly we think our government ought to be able to do that. >> i also really hope and pray that in the second administration he takes on the issue of climate change. i think that unfortunately it's become a politicized, highly contentious issue and that it's not and it's becoming more clear to us as the days go on that it's something that we need to take on. >> whatever can be done to make our children safer, including stopping availability of assault weapons and these magazines that can kill people, and having people able to get weapons without adequate background checks. it's really time to put an end to that. and i hope every parent in america calls for
we're cautiously optimistic that the obama administration will finally allow sikhs to service in the u.s. armed forces with their articles of faith in tact. it would be a very important and historic step. >> we'd like to see the obama administration take the lead in acknowledging and including non-theistic americans in the decision making process. >> pro-life issues are always a concern. someone has to protect the innocent life and certainly we think our government ought to be able...